Last day to bid 1.91 lakh unit auctioned promoter shares of Nepal Grameen by Nirdhan Utthan at Rs 300 minimum price

Interested investors acquiring shares of Nepal Grameen Bikas Bank Limited (NGBBL) have one more day to file their bids for the auctioned promoter shares. The deadline for submitting bids for the auctioned promoter shares is ending today (Poush 3, 2073) and the bid will open to conclude the auction tomorrow  (Poush 4, 2073) at 4:00 PM. Nirdhan Utthan Bank Limited (NUBL) has been auctioning 1,91,992 units Nepal Grameen Bikas Bank promoter share from Kartik 28, 2073 at Rs 300 minimum price. Only the existing promoters are eligible to apply for the auction. Bidders must quote a minimum price of Rs 300 per unit, which means that the lowest bid amount must be more than Rs 300 or equal to Rs 300.Interested bidders must bid for a minimum of 100 units of share. And there is no limit in buying shares at maximum. NIBL Capital Market Limited is the issue manager for this auction. The microfinance company has urged the interested bidders to submit their bids by 3:00 PM till Poush 3 at the NIBL Capital Market Limited office located at Lazimpat, Kathmandu. Nirdhan Utthan Bank Limited (NUBL) will able to earn minimum Rs 3.84 crore if the entire shares are sold.